This research is mainly aimed at investigating the numerical modeling of thermal‐hydraulic and exergy efficiencies of parabolic trough solar collectors (P‐SCs) filled with magnetic hybrid nanofluid. The k‐epsilon turbulence, S2S, and mixture models were used to simulate the turbulence equations, radiation, and two‐phase nanofluid, respectively. The experiments were run using magnetic nanofluid in Reynolds numbers of 5000‐20 000, the volume fractions of 1%‐3%, and the ratios of pitch (ROPs) of 1, 2, and 3 of the combined turbulator. According to the results, there is a significant increase in average Nusselt number (Nu) and pressure drop (ΔP) with increasing Reynolds number, nano‐additive concentration, and ROP. Moreover, the use of the hybrid magnetic turbulator and hybrid nanofluid increased the thermal performance of the P‐SC. It was also found that the Reynolds number of 20 000 and volume fraction of 3% of nanoparticles resulted in the optimal exergy efficiency mode in using a hybrid turbulator.